An economic sequential screening procedure for limited failure populations

An economic sequential screening procedure for limited failure populations

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Article ID: iaor19942197
Country: United States
Volume: 41
Issue: 4
Start Page Number: 523
End Page Number: 535
Publication Date: Jun 1994
Journal: Naval Research Logistics
Authors: ,
Abstract:

An economic sequential screening procedure is considered for limited failure populations in which defective items fail soon after they are put in operation and nondefective ones never fail during the technical life of the items. A cost model is constructed that involves screening test cost and external failure cost. A sequential scheme that minimizes the expected cost is derived from the solution of a dynamic programming formulation and the optimal decision at each stage is obtained in a closed form.

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